In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Dalton Investments, Inc. reported 17 stock positions worth $103.3 million . Its top holding was Nvidia (NVDA) at 33.8% of the portfolio, followed by Cognizant Tech Solutions-A (CTSH, 15.8% ) and Makemytrip (MMYT, 14.6% ). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 3 and reduced 6. The biggest buy was Taskus Class A (TASK, shares +60% ) and the biggest sale an exit from Grab Class A (GRAB).
Location El Segundo, CA
CIK 0001388838
Portfolio Value $103.3M (Q1 2026) Holdings 17 stocks · $103.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 NVDA Nvidia Corp. 200,150 $34.9M No change CTSH Cognizant Tech Solutions-A 266,838 $16.4M Reduce -7.4% MMYT Makemytrip Ltd. 405,596 $15.1M Add +63.0% TASK Taskus Inc. Class A 1,517,784 $10.2M Add +60.1% G Genpact Ltd. 236,522 $8.8M Reduce -19.9% SE Sea Ltd.-ADR 57,000 $4.7M Add +33.2% ANET Arista Networks Inc. 17,300 $2.1M Reduce -31.1% ISRG Intuitive Surgical Inc. 4,100 $1.9M No change CHRD Chord Energy Corp. 13,280 $1.9M No change EPSN Epsilon Energy Ltd. 250,000 $1.5M No change AMX America Movil Sab DE CV 54,100 $1.4M Reduce -19.0% FRSH Freshworks Inc. Class A 134,519 $1.1M Reduce -46.3% TSM Taiwan Semiconductor-SP ADR 2,830 $956K New SHG Shinhan Financial Group-ADR 13,700 $840K New KOS Kosmos Energy Ltd. 250,000 $695K Reduce -50.0% AMPY Amplify Energy Corp. 89,410 $558K No change KVUE Kenvue Inc. 15,000 $259K No change
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ GRAB Grab Holdings Ltd. Class A Sold out 0.00% −4.01 CTSH Cognizant Tech Solutions-A Reduce -7.4% 15.84% −1.97 G Genpact Ltd. Reduce -19.9% 8.53% −1.77 LNG Cheniere Energy Inc. Sold out 0.00% −1.70 FRSH Freshworks Inc. Class A Reduce -46.3% 1.05% −1.24 GLOB Globant SA Sold out 0.00% −0.64 ANET Arista Networks Inc. Reduce -31.1% 2.06% −0.39 AMX America Movil Sab DE CV Reduce -19.0% 1.33% +0.31 KOS Kosmos Energy Ltd. Reduce -50.0% 0.67% +0.33
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ TASK Taskus Inc. Class A Add +60.1% 9.86% +1.53 TSM Taiwan Semiconductor-SP ADR New 0.93% +0.93 SHG Shinhan Financial Group-ADR New 0.81% +0.81 SE Sea Ltd.-ADR Add +33.2% 4.57% +0.50 MMYT Makemytrip Ltd. Add +63.0% 14.64% −0.59
Notes & Other Activity Q4 2025 → Q1 2026 Security Class Change vs Q4 2025 Shares / Principal Value ▼ EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 Sold out 5,471 $545Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 16 $111.0M NVDA, MMYT, CTSH, G, TASK Q1 2026 17 $103.3M NVDA, CTSH, MMYT, TASK, G Q4 2025 18 $134.2M NVDA, CTSH, MMYT, G, TASK Q3 2025 17 $148.9M NVDA, WNS, MMYT, CTSH, G Q2 2025 19 $188.4M IBN, NVDA, WNS, MMYT, CTSH Q1 2025 21 $186.1M IBN, WNS, MMYT, NVDA, CTSH Q4 2024 26 $192.4M IBN, MMYT, NVDA, WNS, G Q3 2024 26 $169.6M IBN, MMYT, NVDA, G, INFY Q2 2024 27 $175.8M MMYT, IBN, NVDA, G, INFY Q1 2024 27 $165.0M IBN, MMYT, NVDA, G, INFY